Overview
- Canada released its Powering Canada Strong strategy Thursday, setting a goal to double electricity capacity by 2050 and to cut bills for about 70 percent of households.
- The government will amend Clean Electricity Regulations to give natural‑gas plants more leeway and allow greater use of credible carbon offsets to protect reliability and contain costs.
- The plan estimates more than $1 trillion in construction and relies on investment tax credits and public financing tools such as the Canada Infrastructure Bank and the Canada Growth Fund.
- Ottawa opened a four‑month consultation and tasked the Major Projects Office to craft a transmission intertie strategy that could fast‑track priority grid links.
- Prime Minister Mark Carney and Alberta Premier Danielle Smith confirmed a Calgary announcement Friday on an industrial carbon‑pricing implementation deal, which sources say would set $130 a tonne by 2040 and help advance a potential West Coast pipeline.